Training governing boards on compliance
and ethics is now the norm rather than
the exception, according to “Compliance
Training and The Board,” a survey
recently conducted by the Society of
Corporate Compliance and Ethics
(SCCE) & Health Care Compliance
Association (HCCA). According to the
survey results, 72% of respondents
report that training on compliance and
ethics issues is provided to the board of
directors. However, it is surprising to
find 34% of respondents from publicly
traded companies indicate no compliance
training is performed.

“Few things demonstrate thechanging nature of compliance morethan the amount of training beingconducted with board members,” saidSCCE & HCCA CEO Roy Snell. Themajority of compliance trainings for theboard, according to survey findings, areconducted annually (71%) and occur live(73%). The survey, fielded by SCCE &HCCA in September 2017 of complianceprofessionals, finds satisfaction with thelevel of training to be flat. Just 18% ofrespondents were very satisfied with theamount of training on compliance mattersprovided to the board, compared to 42%

who were somewhat satisfied, another

18% were only slightly satisfied, and 23%

not at all satisfied. For more information,
download the survey: http://bit.ly/2hSPrhg.

“Trust in our company has fallen to zero”

As the massive data falsification scandalat Kobe Steel continues to grow, companyofficials say they do not even have ahandle on how many years improperlycertified products were supplied tocustomers. Chief Executive HiroyaKawasaki summed up the known impactof the scandal with his comment, “Trustin our company has fallen to zero.” Therange of falsified quality data, accordingto company officials, includes aluminum,copper, and powdered steel sold tomore than 500 companies, includingmanufacturers of cars, planes, andtrains. Many say they are checking tosee whether and how the Kobe productswere put to use and if any will posesafety risks. Among car makers, Toyotaand Honda officials have said parts madefrom aluminum purchased directly fromKobe do meet strength and durabilityrequirements, but Honda indicated itwas still checking on parts obtainedthrough other suppliers. Meanwhile,Japanese standards inspectors havebegun investigating individual plantsto determine whether laws have beenbroken and recalls are required.